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Alberta court ruling may trigger rise in orphaned wells: Lawyers

2016-05-23 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Oil at the first phase of separation from the sand at the Suncor tar sands processing plant near at their mining operations near Fort McMurray, Alberta, September 17, 2014. CALGARY, Alberta Lawyers in Canada's energy capital Calgary warned on Friday that a judge's decision to grant lenders priority over environmental clean-up costs in oil and gas bankruptcies could lead to a surge in orphaned wells in Alberta. An Alberta chief justice ruled this week that proceeds from the sale of assets belonging...

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